Negotiation  {sec 14}
Meaning: –
Negotiation means transfer of a negotiable instrument to any other person so as to constitute that person the holder of such negotiable instrument.
Methods of negotiation: –
*Negotiation by delivery –
1. A bearer instrument may be negotiated by delivery.
2. The delivery must be voluntary
*Negotiation by endorsement and delivery
An order instrument can be negotiated only by way of
1. Endorsement; and
2. Delivery.
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